Arts, Culture & Humanities (A650) IRS Verified DX Registered 990 on File

CORNERSTONE THEATER COMPANY INC

EIN: 95-4493498 · PASADENA, CA 91103-3921 · United States · FY 2023 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 86/100

Reliability (20%) 55/100

Effectiveness (25%) 63/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Cornerstone Theater Company has been making new plays with and about communities throughout Los Angeles and beyond for over 33 years. Nationally recognized as a leader in community engaged theater, our plays celebrate many voices as we strive to include people who have not been on stage or even seen theater. Combining the artistry of people with many levels of theatrical experience, we act upon the conviction that artistic expression is civic engagement and that access to a creative forum is essential to the wellness and health of every individual and community. Our plays are staged in theaters, parking lots, factories, schools and subway stations. Each venue is specific to its project and community; audiences pay what they can so our performances are always accessible to all. Visit Cornerstonetheater.org and follow the story on social media @cornerstonetheater on Facebook and Instagram, @cornerstonethtr on Twitter and youtube.com/CornerstoneTheater.

Financial Overview — FY 2023

$988K

Total Revenue

$1.1M

Total Expenses

$1.8M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 74.1%

Fundraising Efficiency N/A

Operating Reserve 19.42x

Liability-to-Asset 4.3%

Revenue Diversification 89.0%

Executive Compensation $239K

Compared with Peers

FY 2023

Compared with 4,647 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	74.1%	77.9%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	16.5%	14.6%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	9.4%	5.5%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	19.4 mo	16.8 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	4.3%	10.7%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	89.0%	74.6%	P10P90	Below median
Revenue growth Year over year revenue growth	7.1%	3.5%	P10P90
Expense growth Year over year expense growth	35.2%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	-13.9%	-0.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$988K	$1.1M	$1.8M	74.1%	30
2022	$922K	$831K	$1.9M	68.4%	30
2021	$2.3M	$714K	N/A	—	22

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Organization Details

EIN: 95-4493498
State: CA
City: PASADENA
ZIP: 91103-3921
Classification: A650
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1986
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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